| Metric | Q3 2022 | Q2 2022 | Q3 2021 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $15M | $80M | $182M | -81.4% | -91.9% |
| Op. Income | -$48M | $9M | $126M | -603.9% | -137.8% |
| Gross Margin | -225.5% | 31.7% | 76.4% | -257.2pp | -301.9pp |
| Net Margin | -310.7% | 12.4% | 69.4% | -323.1pp | -380.1pp |
| EPS (Diluted) | $-0.56 | $0.12 | $1.49 | -566.7% | -137.6% |
| Free Cash Flow | -$51M | -$58M | $444M | 12.4% | -111.5% |
| Item | Amount |
|---|---|
| REVENUE | $15M |
| Cost of Revenue | $48M |
| GROSS PROFIT | -$33M |
| R&D Expenses | $52M |
| Selling & Marketing | $0 |
| General & Administrative | $14M |
| SG&A Expenses | $14M |
| Other Expenses | -$52M |
| Operating Expenses | $14M |
| Cost & Expenses | $63M |
| OPERATING INCOME | -$48M |
| Interest Income | $0 |
| Interest Expense | $0 |
| Other Income/Expenses | $2M |
| INCOME BEFORE TAX | -$45M |
| Income Tax Expense | $733.0K |
| Net Income from Continuing Ops | -$46M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | -$46M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | -$46M |
| D&A | $1M |
| EBIT | -$48M |
| EBITDA | -$46M |
| EPS | -$1 |
| EPS Diluted | -$1 |
| Item | Amount |
|---|---|
| Net Income | -$46M |
| Depreciation & Amortization | $2M |
| Stock-Based Compensation | $11M |
| Deferred Income Tax | $0 |
| Other Non-Cash Items | -$449.0K |
| Change in Working Capital | -$15M |
| OPERATING CASH FLOW | -$49M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$73M |
| Sales/Maturities of Investments | $136M |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | $61M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $489.0K |
| FREE CASH FLOW | -$51M |
| Net Change in Cash | $12M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $184M |
| Short-Term Investments | $574M |
| Net Receivables | $0 |
| Inventory | $0 |
| Other Current Assets | $6M |
| TOTAL CURRENT ASSETS | $775M |
| PP&E (Net) | $55M |
| Goodwill | $0 |
| Intangible Assets | $0 |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $7M |
| TOTAL NON-CURRENT ASSETS | $62M |
| TOTAL ASSETS | $837M |
| Account Payables | $5M |
| Short-Term Debt | $0 |
| Deferred Revenue | $0 |
| Other Current Liabilities | $120M |
| TOTAL CURRENT LIABILITIES | $161M |
| Long-Term Debt | $0 |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $387M |
| TOTAL NON-CURRENT LIABILITIES | $423M |
| TOTAL LIABILITIES | $584M |
| Common Stock | $8.0K |
| Additional Paid-In Capital | $787M |
| Retained Earnings | -$527M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$7M |
| Other Equity | -$1 |
| TOTAL STOCKHOLDERS' EQUITY | $253M |
| Minority Interest | $0 |
| TOTAL EQUITY | $253M |
| TOTAL LIABILITIES & EQUITY | $837M |
| Total Debt | $44M |
| Net Debt | -$140M |
